NASDAQ launches Internet index

The Nasdaq stock market has unveiled a new NASDAQ Internet Index (Nasdaq:QNET), this is a new benchmark to track the performance of Internet companies like search engines, ISPs, web hosters, web design firms and internet retail commerce.

The NASDAQ Internet Index is comprised of securities of companies that are at the forefront of internet technology. They are leading innovators in providing faster internet access, creating more intuitive e-commerce experiences, and developing the second generation Web.

"The NASDAQ Internet Index contains some of the most exciting internet companies traded on NASDAQ and other U.S. exchanges," said NASDAQ Senior Vice President Steven Bloom. "Given the strength of NASDAQ's brand association with innovation and its market share of internet company listings, it is logical for NASDAQ to extend investment opportunities through a new benchmark for this dynamic, evolving sector."